Daily Earnings: Tech hoarding chokes legacy production | GM, MMM, RYAAY | Jul 21

The hyperscale artificial intelligence buildout is actively penalizing traditional heavy industry, forcing legacy companies to swallow surging component prices or completely restructure their physical supply networks.• GM absorbs massive margin headwinds directly tied to data centers monopolizing downstream DRAM supplies.• MMM expects severe consumer electronics volume drops because basic memory components remain too scarce.• RYAAY is funneling heavy capital into building private engine repair shops to sidestep network congestion.As relying on fragmented global vendors becomes a structural liability, old-economy operators must endure heavy localized transition costs just to guarantee baseline future capacity.